GE Bolsters Backlog to More than $25 Billion with Natural Gas, Renewable Orders
SUGAR LAND--April 24, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Lower sales in its oil & gas and lighting businesses didn't dim the outlook for General Electric Company (NYSE:GE) (Fairfield, Connecticut), which saw a solid growth in orders for first-quarter 2017, driven by renewable and natural gas-fired, combined-cycle (NGCC) projects in North America. A merger with Baker Hughes Incorporated (NYSE:BHI) (Houston, Texas), expected to wrap up this year, will only add to GE's backlog. Industrial Info is tracking more than $49 billion in active projects involving GE and its GE Oil & Gas subsidiary.
Within this article: Details on some of the highest-valued projects to be added to GE's backlog this past quarter, including those from leading companies such as Chevron Corporation (NYSE:CVX), Bechtel Group Incorporated, Advanced Power AG, EmberClear Corporation and Lincoln Clean Energy.
